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4.1¢ culpeo minerals limited

Ann: Culpeo Commences Drilling at Lana Corina, page-11

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glemon

3,616 Posts.

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27/04/24

09:59

Post #: 73534953
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Originally posted by glemon: ↑

I hope targets are hit each and every driing phase, however all the posts on CPO are just more wish lists, no one discusses solid exploration details or prospects about the tenements and a poster is criticised on here if they ask for some facts to support any enthusiasm.

A major is not going to be attracted unless there is heavy committed investment which takes time and a bundle of accumulative data and grades to support it, which for every miner on the ASX has taken minimum $100mill to get even near that level to be worthy of a serious look.

Announcing 1,000metre drilling campaign (3 holes at best) is poor man's drilling make-up and needs to be 10k planning before a head is turned especially when the overburden on decent previous grades that turns a developer off is hundreds of metres deep.

Assays that give 1 or 2% grade at 300metres needs to be backed up with enough drilling campaign to show say 1/2% from surface etc or otherwise it will bounce around in single digit SP for a long time to come.

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Simple cu mine explorer education, when some SH dig their head in the sand and post wish lists and criticise those that have been investing in juniors since their 1st kilometre of drilling started (gold mines are an exception)

CPO Price at posting: 5.0¢ Sentiment: None Disclosure: Not Held
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